Gym Startup Cost Comparison
Sparks, NV vs New York, NY
Sparks, NV
$83,000 - $404,000
COL Index: 107.8
VS
New York, NY
$135,000 - $681,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Sparks, NV | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,000 - $7,400 | $5,300 - $17,100 | -58% |
|
Commercial Lease (First + Last + Security)
|
$11,000 - $65,700 | $41,700 - $250,400 | -74% |
|
Fitness Equipment
|
$30,000 - $150,000 | $30,000 - $150,000 | Same |
|
Interior Build-Out & Renovation
|
$15,300 - $81,600 | $21,800 - $116,000 | -30% |
|
Business Insurance (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Technology & Software
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Marketing & Pre-Sale Campaign
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3 Months)
|
$16,200 - $64,700 | $28,100 - $112,300 | -42% |
| Total Estimated Cost | $83,000 - $404,000 | $135,000 - $681,000 | -40% |
Local Market Factors
| Factor | Sparks | New York |
|---|---|---|
| Cost of Living Index | 107.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $40 - $120 |
| Labor Rate Index | 1.02 | 1.45 |
| Sales Tax | 8.265% | 8.875% |
| Minimum Wage | $12.00/hr | $16.00/hr |
| LLC Filing Fee | $425 | $200 |
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